Canada Goose (NYSE: GOOS) reported Q4 EPS of Cdn$0.02, versus Cdn$0.08 reported last year. Revenue for the quarter came in at Cdn$140.9 million, versus Cdn$156.2 million reported last year.

Outlook

The negative financial impacts of COVID-19 will be more pronounced in the first quarter ending June 28, 2020, with a negligible level of revenue expected. The first quarter is historically the smallest in the fiscal year, representing 7.4% of annual sales in fiscal 2020.

Throughout the first seven weeks of the first quarter of fiscal 2021, 75% or 15 of 20 retail stores in the DTC channel were temporarily closed. 2 of the 5 stores that were open during this period, both in Hong Kong, have been severely impacted by restrictions on inbound tourism. Our store in Paris re-opened on May 20, followed by Milan on May 29 and Montreal on June 2. Further openings are being evaluated on a staged region-by-region basis, based on regulatory guidelines and supporting traffic trends as well as the health and safety of employees and guests.

While e-commerce is operational in all markets and digital engagement is strong, this off-season period is a low point for consumer purchasing online. In the wholesale channel, shipments to partners have been largely shutoff since March due to disruptions from retail store closures.

Given prevailing global uncertainties, including the evolution of ongoing outbreaks, the duration of retail store closures, the pace of retail normalization following re-openings and the impact of economic developments and travel restrictions on consumer discretionary spending, all of which are unknown, the Company is not providing an outlook for fiscal 2021.

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